Canada is a standout in the transparency of pension fund reporting, topping the list of countries for the third year in a row. The top five countries were rounded out by The Netherlands, Australia, Sweden and the United Kingdom.
The highest scoring funds overall in the 2023 Global Pension Transparency Benchmark were also among the biggest improvers. Both Norway’s Government Pension Fund Global and AustralianSuper increased their scores by 14 points and were the biggest improvers in the top 10. Others included CDPQ, CalPERS, and PFZW.
This year's GPTB scores reveals an improvement across all of the four value-generating measures of cost, governance, performance and responsible investment, but cost transparency remains a laggard.
New research on private markets at Railpen has produced a framework that focuses on scenario planning and the uncertainty inherent in illiquid investments taking account of “portfolio steerability”, allocation drift and the impact on short-term liquidity management resulting in a more dynamic approach.
Tim Hodgson, co-founder of the Thinking Ahead Institute at WTW, makes the case that energy is the metaphorical lifeblood of any system, and is therefore the fundamental systemic risk, and that this insight should inform how we go about our net-zero investing.
The risk of a deficit is a key driver in the management of PSP Investments as it looks to build resilience and cashflows in its portfolio. Amanda White spoke to CIO Eduard van Gelderen.
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Global Pension Transparency Benchmark